Trinity Industries, Inc. (NYSE:TRN) CFO Sells $264,480.00 in Stock

Trinity Industries, Inc. (NYSE:TRN) CFO Eric R. Marchetto sold 8,816 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $30.00, for a total transaction of $264,480.00. Following the transaction, the chief financial officer now owns 224,888 shares in the company, valued at $6,746,640. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Trinity Industries Stock Performance

Trinity Industries stock opened at $30.67 on Thursday. The company has a debt-to-equity ratio of 4.55, a quick ratio of 0.91 and a current ratio of 1.88. The company has a 50 day moving average price of $27.04 and a 200-day moving average price of $25.77. The company has a market capitalization of $2.51 billion, a PE ratio of 20.58 and a beta of 1.39. Trinity Industries, Inc. has a fifty-two week low of $20.04 and a fifty-two week high of $31.00.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The firm had revenue of $809.60 million for the quarter, compared to analyst estimates of $750.97 million. During the same quarter last year, the firm posted $0.07 earnings per share. The business’s revenue for the quarter was up 26.2% on a year-over-year basis. As a group, equities analysts forecast that Trinity Industries, Inc. will post 1.46 earnings per share for the current year.

Trinity Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.65%. Trinity Industries’s dividend payout ratio is presently 75.17%.

Institutional Investors Weigh In On Trinity Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of TRN. Vanguard Group Inc. increased its position in Trinity Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 9,677,808 shares of the transportation company’s stock valued at $257,333,000 after buying an additional 83,769 shares in the last quarter. Capital International Investors lifted its stake in shares of Trinity Industries by 0.3% during the fourth quarter. Capital International Investors now owns 8,645,840 shares of the transportation company’s stock worth $230,009,000 after buying an additional 23,720 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Trinity Industries by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,058,174 shares of the transportation company’s stock valued at $161,088,000 after buying an additional 47,668 shares during the last quarter. Jennison Associates LLC increased its position in shares of Trinity Industries by 3.2% in the 3rd quarter. Jennison Associates LLC now owns 4,720,106 shares of the transportation company’s stock valued at $114,935,000 after acquiring an additional 146,341 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Trinity Industries by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,263,458 shares of the transportation company’s stock valued at $33,595,000 after acquiring an additional 82,256 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on TRN. TD Cowen upped their target price on Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Susquehanna upped their price objective on Trinity Industries from $30.00 to $34.00 and gave the company a “positive” rating in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $31.00.

About Trinity Industries

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.